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114 Financial Statements
Five Year Summary
Consolidated Income Statements for years ended 31 March
(1) (2)
Restated
IFRS IFRS IFRS IFRS UK GAAP
2008 2007 2006 2005 2004
£m £m £m £m £m
Revenue (Group and share of Joint Ventures) 1,399.5 1,240.3 1,411.0 1,157.3 1,241.8
Revenue 1,313.6 1,179.8 1,052.5 955.0 991.8
Cost of sales (834.1) (781.1) (637.3) (579.3) (619.2)
Gross profit 479.5 398.7 415.2 375.7 372.6
Administrative expenses (392.8) (335.0) (352.3) (332.7) (338.1)
Operating profit 86.7 63.7 62.9 43.0 34.5
Profit on disposal of Joint Ventures – – 6.4 3.7 –
Share of post-tax profit from Joint Ventures 0.9 2.8 8.8 10.2 14.5
Profit from operations 87.6 66.5 78.1 56.9 49.0
Finance income 9.8 9.0 7.9 6.8 3.4
Finance cost (5.5) (5.4) (11.2) (10.7) (10.0)
Net finance income/(cost) 4.3 3.6 (3.3) (3.9) (6.6)
Profit before taxation 91.9 70.1 74.8 53.0 42.4
Income tax expense (23.3) (15.2) (17.9) (14.1) (18.5)
Profit for the year from continuing operations 68.6 54.9 56.9 38.9 23.9
Profit/(loss) for the year from discontinued operations 31.4 (112.2) – – 13.5
Profit/(loss) for the year attributable to equity shareholders 100.0 (57.3) 56.9 38.9 37.4
Basic earnings/(loss) per share
– continuing operations 67.9p 54.4p 57.0p 39.3p 24.8p
– discontinued operations 31.0p (111.2)p – – 14.0p
98.9p (56.8)p 57.0p 39.3p 38.8p
Diluted earnings/(loss) per share
– continuing operations 66.7p 53.8p 55.9p 38.7p 24.5p
– discontinued operations 30.5p (110.6)p – – 14.5p
97.2p (56.8)p 55.9p 38.7p 39.0p
(1) Comparatives have been reformatted to present results in IFRS format. No adjustments have been made to reflect the differences in accounting treatment under
IFRS compared to UK GAAP.
(2) Comparatives have been restated following the adoption of FRS 19, UITF 34, UITF 38 and UITF 17, as amended.
WS Atkins plc Annual Report 2008